The first half of 2022 has been incredibly challenging in some markets, with market makers offering no bids, order sizes shrinking, bid-ask spreads expanding and volumes falling.
As liquidity drops this can materially impact investors, many of whom were withdrawing from funds, and others who were relying on their investment managers to find opportunity in adversity.
Knowing where and how to access liquidity is the key skill of a buy-side trader and we were lucky enough to get two experts, Lee Sanders, head of fixed income trading in the UK for AXA IM and Paul Squires, head of equity trading for EMEA and APAC at Invesco, to tell us how they handled the drought by stretching the skills, relationships and tools at their disposal to teh fullest extent.
